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Author Archives: Lisa Bayless
Tucson Luxury Home Market Update
Tucson Luxury Home Market Update. As of February 2011 active luxury inventory was 291, a 32% decrease from February 2010. There were 10 luxury closings in February 2011, 9% below February 2010. Continue reading
Oro Valley Market Update
As of February 2011 active inventory was 504, a 14% increase from February 2010. There were 53 closings in February 2011, 51% above February 2010. Months of Inventory was 9.5, down from 12.7 in December 2009. Continue reading
Oro Valley Market update!
As of February 2011 active inventory was 504, a 14% increase from February 2010. There were 53 closings in February 2011, 51% above February 2010. Months of Inventory was 9.5, down from 12.7 in December 2009. Median price of sold homes was $265,000 for the month of February 2011, down 7% from February 2010. Oro Valley had 57 new properties under contract in February 2011, down 5% from February 2010. Continue reading
Posted in Oro Valley Real Estate news
Tagged oro valley home sales, oro valley housing market
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Foothills market update!
Between 1/1/11 – 3/11/11, 103 homes have sold in the Foothills. The low was $94,000 and the high was $1,725,000. The medium was $377,500. Since 1/1/11 there have been 5 home sales, in the Foothills, for over a million Continue reading
The Beginning of the End?
Will it be a silver lined or storm cloud at the end of the real-estate horizon? Currently, there are dueling economic indicators suggesting the future of the real-estate market remains undetermined. Below find a summary of various economic conditions that will put both upward and downward pressure on the housing market.
My luxury listing went under contract in 6 days!
I recently listed a home in the Foothills for approximately $750,000. The home was on the market for 6 days before it received a strong offer and went under contract. Currently, in the Tucson real-estate market, many homes stay on the market for months and have numerous price reductions. Despite this trend, homes can be placed on the market, and sell in a reasonable amount of time with no price reductions. Continue reading
I recently closed on a $2million home sale!
In late 2010, I represented a buyer who purchased a home in Tucson for over $2 million. In all of 2010, there were only three homes that sold for $2 million or more in Tucson and Oro Valley. Continue reading
January 2011 Oro Valley homes sales
In January 2011, 29 home sales closed in the Oro Valley. The average sale price was $294,138, with a low of $150,000 and a high of $775,000. Currently, there are 359 homes for sale in the Foothills with an average list price of $439,361 and low of $139,900 and a high of $2,895,000 Continue reading
January 2011 home sales in the Foothills
In January 2011, 33 home sales closed in the Foothills. The average sale price was $447,165, with a low of $175,000 and a high of $1,517,250. Currently, there are 476 homes for sale in the Foothills with an average list price of $801,543 and low of $79,900 and a high of $9,995,000. Continue reading
The Canyons divide even greater!
Currently, there are 6 homes in The Canyons for sale with an avg. asking price/sqft of $557.71. The medium price of a home in The Canyons is $3.49 million.
Problem is, there have only been 2 homes, in all of Tucson that have sold for over $2million in all of 2010. Neither of these homes sold for more than $2.2million.
Continue reading